Closed-end fund starts the year with a net asset value

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Reference no: EM131064576

A closed-end fund starts the year with a net asset value of $14. By year-end, NAV equals $14.30. At the beginning of the year, the fund is selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 9% discount to NAV. The fund paid year-end distributions of income and capital gains of $1.70. a. What is the rate of return to an investor in the fund during the year?

Reference no: EM131064576

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